Originally Posted by
tth6133
I'm not sure Wells intend to approve broadly. If you're losing lots of money on a portfolio, you don't want to add to that portfolio, do you? Wells probably figured out that Bilt's earliest customers are even savvier than the later customers, and its loss (per customer) would be even greater with this group of customers.
I bet that this is all up to underwriting at WF and that profitability of a customer isn't a factor.